Gold price jumps on haven demand, but by how much?
“Gold futures gained for the third consecutive day, as escalating tensions between Ukraine and Russia and a broad decline in U.S. equities fueled the metal’s first weekly price gain two weeks.
Gold for June delivery added 0.8 percent to finish at $1,300.80 an ounce on the Comex division of the New York Mercantile Exchange. Prices gained roughly 0.5 percent for the week.
The Group of Seven nations are preparing new measures against Russia, German Chancellor Angela Merkel said, after the U.S. accused Russia of trying to impose its will on Ukraine at “the barrel of a gun and force of a mob.” Gold reached a six-month high in March after Russia annexed Crimea. “ Read More Saturday, April 26, 2014 by Proactive Investors